Lamosaic India Ltd is a leading brand in decorative laminates, plywood, and wooden furniture accessories, widely preferred by architects, interior designers, and homeowners. Known for its end-to-end solutions, the company offers services from concept creation to tailored furniture solutions, catering to diverse client needs.

The IPO is set to raise ₹61.2 crores through a Fixed Price Issue, with shares priced at ₹200 each.

IPO Details

• Issue Type: Fixed Price Issue
• Subscription Period: November 21–26, 2024
• Lot Size: 600 shares
• Retail Investment Minimum: ₹1,20,000
• Listing: NSE SME platform on November 29, 2024

At the IPO price, Lamosaic India’s market capitalization will reach ₹206.76 crores, with a total of 30.6 lakh shares being issued.

Company Overview

Promoted by Mr. Vinod Juthala Visaria, Mr. Jay Manilal Chheda, and Mr. Jitesh Khushalchand Mamaniya, Lamosaic India Ltd has carved a niche in the decorative laminates and furniture solutions market. Its services cater to premium and customized requirements, making it a preferred choice in the sector.

Financial Performance

The company has shown strong growth, with revenue and profit increasing significantly over three years. Its ROE for FY24 stands at an impressive 53.94%, with an ROCE of 42.25%, indicating robust financial health and efficiency.

Objectives of the IPO

The funds raised will be allocated to:

1. Repayment of Borrowings: ₹445.77 lakhs
2. Incremental Working Capital: ₹3,500.00 lakhs
3. Inorganic Growth Opportunities: ₹600.00 lakhs
4. General Corporate Purposes: ₹1,400.00 lakhs

Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Lamosaic India’s IPO is ₹0, indicating no speculative trading interest in the informal market. This suggests a lack of anticipation for significant listing gains.

Valuation Analysis

• Pre-Issue EPS: ₹11.31
• Post-Issue EPS: ₹7.96
• Pre-Issue P/E: 17.68x
• Post-Issue P/E: 25.12x
• Industry P/E: 121.99x

While Lamosaic India is priced attractively relative to its industry P/E, its post-issue valuation indicates the IPO is fully priced, with limited upside potential in the short term.

Subscription Status

• Final Subscription Date: November 26, 2024
• Allotment Date: November 27, 2024
• Listing Date: November 29, 2024

Investors can check their allotment status online through the Registrar’s website (KFin Technologies).

Conclusion

Lamosaic India Ltd stands out for its niche in decorative laminates and furniture solutions. Despite strong financial growth and high ROE, the lack of Grey Market Premium and fully priced IPO valuation suggest limited potential for listing gains.

The IPO may appeal to long-term investors seeking exposure to a growing company in the furniture and interior design segment. However, short-term investors looking for quick returns might consider avoiding this IPO.

The Upcoming IPOs in this week and coming weeks are NTPC Green, Lomosaic India, C2C Advanced System, Rajesh Power Services, Rosmerta Digital, Avanse Financial and Nisus Finance.

The Current active IPO are Zinka Logistics Solution (Black Buck), and Onyx Biotec.

For more insights into financial trends , visit our Top News Headlines. You can also explore investment opportunities in the market and apply for upcoming IPOs through our Best IPO to Apply Now section.